WEX
ActiveWEX has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.30M and a net result of €-76k. Equity is growing by ~4.9% per year across the filed fiscal years. Its solvency ranks better than 32% of 4530 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
48
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability23▼-13
Solvency44▼-15
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity short (current ratio 0.09 against 0.14 in 2024; short-term debt: 80.3% and cash: 0.2% of total assets), and 80.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
19.4%
Return on assets
-1.1%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-76k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
28 d late
2023
5 d early
2022
31 d late
2021
31 d late
2020
30 d late
2019
105 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€48k
EBIT margin
-41.7%
Net result
€-76k▼ 316%
2024 · €-18k
2018: €92k
2019: €845k
2020: €-227k
2021: €568k
2022: €-52k
2023: €-60k
2024: €-18k
2018 → 2025
Working capital
€-4.92M▼ 115%
2024 · €-2.29M
2018: €326k
2019: €1.17M
2020: €-161k
2021: €1.51M
2022: €1.46M
2023: €-1.65M
2024: €-2.29M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€48k
Equity€1.51M-€1.45M▼ 3.5%€1.39M▼ 4.1%€1.38M▼ 1.3%€1.30M▼ 5.5%
Operating result€701k-€-49k€-57k▼ 16.5%€-20k▲ 64.5%€-14k▲ 31.3%
Net result€568k-€-52k€-60k▼ 14.4%€-18k▲ 69.5%€-76k▼ 316%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €14k in 2025 against €20k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.71M
Fixed assets
€6.24M▲ 70.3%
Current assets
€469k▲ 23.0%
Equity and liabilities €6.71M
Equity
€1.30M▼ 5.5%
Debt
€5.41M▲ 103%
The debt ratio rises from 66.0% to 80.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€41k
Cash flow
€-21k
Solvency
19.4%▼
2024 · 34.0%
Current ratio
0.09▼
2024 · 0.14
Quick ratio
0.09▼
2024 · 0.14
Debt / equity
4.16▲
2024 · 1.94
ROE
-5.8%▼
2024 · -1.3%
ROA
-1.1%▼
2024 · -0.4%
Interest coverage
0.63
Debt
€5.41M▲
2024 · €2.67M
Debt ≤ 1 year
€5.39M▲
2024 · €2.67M
Staff costs
€0▼
2024 · €10k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€4.05M€6.71M▲
Fixed assets21/28€3.67M€6.24M▲
Tangible fixed assets22/27€3.67M€6.24M▲
Land and buildings22€3.67M€6.24M▲
Current assets29/58€382k€469k▲
Stocks and contracts in progress3€0-
Amounts receivable within one year40/41€260k€350k▲
Trade receivables40€37k€348k▲
Other amounts receivable41€223k€2k▼
Current investments50/53€102k€104k▲
Other investments51/53€102k-
Cash at bank and in hand54/58€15k€11k▼
Deferred charges and accrued income490/1€4k€5k▲
Equity and liabilities
Total equity and liabilities10/49€4.05M€6.71M▲
Equity10/15€1.38M€1.30M▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€38k€38k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€32k€32k=
Profit (loss) carried forward14€1.28M€1.20M▼
Amounts payable17/49€2.67M€5.41M▲
Amounts payable within one year42/48€2.67M€5.39M▲
Financial debts43€2.59M€5.14M▲
Credit institutions430/8€2.59M€5.14M▲
Trade debts44€80k€45k▼
Suppliers440/4€80k€45k▼
Taxes, remuneration and social security45€5k€18k▲
Taxes450/3€5k€18k▲
Remuneration and social security454/9€5€0▼
Other amounts payable47/48€20€185k▲
Accrued charges and deferred income492/3€311€20k▲
Income statement
Code20242025
Operating income70/76A€48k-
Turnover70€48k-
Non-recurring operating income76A€0-
Operating charges60/66A€68k-
Goods for resale, raw materials and consumables60€0-
Purchases600/8€0-
Services and other goods61€53k-
Remuneration, social security and pensions62€10k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€54k
Other operating charges640/8€6k€7k▲
Gross operating margin9900-€48k
Operating profit (loss)9901€-20k€-14k▲
Financial income75/76B€3k€3k▼
Recurring financial income75€3k€3k▼
Income from current assets751€3k-
Other financial income752/9€10-
Financial charges65/66B€1k€65k▲
Recurring financial charges65€1k€65k▲
Debt charges650€549-
Other financial charges652/9€933-
Profit (loss) for the period before taxes9903€-18k€-76k▼
Profit (loss) for the period9904€-18k€-76k▼
Profit (loss) for the period to be appropriated9905€-18k€-76k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.28M€1.20M▼
Profit (loss) brought forward from the previous period14P€1.29M€1.28M▼
Social balance
Average headcount (FTE)90870.50.0▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 28 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 28 days late
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €568k
Net result €568k after one loss-making year.
31-12
Financial
Liquidity times 8current ratio 7.17
Current ratio from 0.91 to 7.17; short-term debt falls from €1.75M to €244k.
31-12
Financial
Equity above €1MEq €1.51M ▲60.6%
Equity rises from €938k to €1.51M.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Weakest financial yearnet €-227k ▼127%
Net result drops to €-227k, the lowest in the series; recovery starts the following year.
13-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 105 days late
2019
31-12
Financial
Highest result since 2018net €845k ▲815%
Operating result €891k, net result €845k, both a record.
31-12
Financial
Equity above €1MEq €1.17M ▲264%
2 profitable years in a row build equity to €1.17M.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
23-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 115 days late
2017
30-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Leuven · 1 establishment unit since 2000
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Naamsestraat 373000 LeuvenGround area
1,410 m²
Building footprint
347 m²
Volume, LiDAR
4,883 m³
Parcel 24502B0963/00X000, Flanders · tallest building 20.2 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
CONTICARS
since 20002.099.470.473
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24502B0963/00X000 | Flanders | 1,410 m² | 1 · 347 m² | 20.2 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Similar companies · same sector, comparable size
IMMO ELMECH
BE 0646.804.710
Oudsbergen · Eq €1.30M
DEBAILLIE FILIP
BE 0445.949.283
Kortrijk · Eq €1.30M
Real Value Management
BE 0546.653.297
Sint-Gillis-Waas · Eq €1.30M
IMMOGAM
BE 0445.242.569
Gent · Eq €1.30M
RESIDENTIE DE VLAMME
BE 0806.177.787
Brussel · Eq €1.30M
Of 9,140 companies in sector 68201 we hold annual accounts for 6,769. 4,667 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded15-12-1999
Fiscal year end31-12
Activities, NACEBEL
68201Renting and operating of own or leased residential real estate, excluding social housing
47811Retail sale of cars and light vans (up to 3.5 tonnes)
46711Wholesale of cars and light vans (up to 3.5 tonnes)
50103
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.